(1) The holder of a permission (the transferor ) may apply to the Authority to transfer the permission, unless:
(a) the permission is suspended; or
(b) the period specified in the permission ends no later than 20 business days before the day on which the transfer is intended to occur .
(2) The application must:
(a) be in the form approved by the Authority; and
(b) be signed by the transferor and the proposed transferee; and
(c) include, or be accompanied by, the information and documents required by the form; and
(d) be lodged:
(i) at a place or by a means specified in the form; and
(ii) at least 20 business days before the day the transfer is intended to occur; and
(e) be accompanied by the transfer fee required under item 1 of the table in subsection 205(1).
Authority not required to consider application--application not complying with subsection (2)
(3) The Authority is not required to consider or further consider the application if the application does not comply with subsection (2).
(4) The Authority must give the applicant a written notice, within 10 business days after the day the Authority makes a decision that the application does not comply with subsection (2), stating:
(a) that the application is incomplete; and
(b) the matters that must be dealt with to complete the application.
(5) The application is taken to have been withdrawn if the matters have not been dealt with before the end of:
(a) 30 business days after the notice is given; or
(b) if the Authority extends the period in accordance with section 253--that extended period.
Authority not required to consider application--permission taken to remain in force
(6) The Authority is not required to consider or further consider the application while the permission is, or is taken to be, in force under section 116.
(7) If the permission ceases to be in force under that section because the Authority grants a new permission under section 111, the Authority may further consider the application as if the application were an application to transfer the new permission.